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State Court Receiverships
What benefits creditors more? When considering federal court receivership vs. bankruptcy, bankruptcy is often more predictable, but costly.
In 2023, commercial Chapter 11 filings rose by 72% as compared to 2022. Read more about this surge and what to consider in 2024.
The statutes that dictate how to start and manage a receivership may differ depending on the state. One thing is for sure: Washington state a’int Minnesota.
This is an important part of the receivership process. We’re focusing on four main points as a part of this discussion, planning ahead, termination vs discharge, final reporting, and a discharge order. Planning Ahead Always looking through your order and statutes to understand what is expected of you to wrap up your case. Make sure you understand all these requirements so that you do not have to scramble or recreate the wheel while you are trying to close out the case. The two best reference points here are your own […]
Receiverships have been a remedy in Minnesota law for over a hundred years, but Minnesota recently revised its receivership statute in 2012. Understand more about how this bankruptcy alternative may be used to sell commercial real estate.
Learn about the necessary steps needed to get a receiver appointed, including the important details of the motion for the appointment of a receiver.
When looking at a receivership from the perspective of Representing the Defendant there are several factors to take into account.
Receiverships are essentially an equitable remedy where a court appoints a 3rd party neutral to assist parties in recovery outside of bankruptcy.
Jeff Ansel from Winthrop & Weinstine goes over the two categories of discussion when looking at representing a receiver.
There are two types of costs in a receivership, direct and indirect. Learn more about these different receivership costs so there are no surprises.